CFTC Statements "SEF Showcase: Current Technology Market Direction" March 31, 2011 Opening Statement of Commissioner Scott D. O'Malia at the Swap Execution Facility "Showcase" featuring two panels discussing execution and technological functionality issues related to SEFs. Cross References Dodd-Frank Act, Title VII, Sec. 733
News & Insights
On 31 March 2011, ISDA submitted a letter with market participants and industry associations to global financial supervisors. The letter publicly outlines the industry's plans for making the over-the-counter (OTC) derivatives markets both safe and efficient. The letter also commits to improvements in four key areas: increasing standardization; expanding central clearing; enhancing bilateral risk management; and increasing transparency.
March 30, 2011 The Ministry of Justice has published guidance about procedures which relevant commercial organisations can put into place to prevent persons associated with them from bribing. The guidance is designed to be of general application and is formulated around six guiding principles, each followed by commentary and examples. The guidance is not prescriptive and is not a one-size-fits-all document. The question of whether an organisation had adequate procedures in place to prevent bribery in the context of a particular prosecution is a matter that can only be resolved by the courts
CFTC Congressional Testimony March 30, 2011 CFTC General Counsel Dan Berkovitz testifying before the US Senate Committee on Agriculture, Nutrition and Forestry discusses the CFTC's mission, expanded authorities and responsibilities, Dodd-Frank issues including position limits and registration of foreign boards of trade, and makes a plea for more budgetary resources. Cross References Dodd-Frank Act, Title VII
CFTC Speeches March 30, 2011 Commissioner Bart Chilton speaking before the Taxpayers Against Fraud in New York talks about his favorite television programs and the whistleblower protection provision. Cross References Dodd-Frank Act, Title VII, Sec. 748